PURPOSE |
- Construction of school building/ Auditorium
- Repair /Renovation of Existing Building
- Purchase of books /Manuals /software and other training material
- Purchase of Computers and other related equipments
- Purchase of Laboratory Equipments
- Purchase of Furniture/Fixed Assets/ Sports Equipments
- Equipments for Mid Day Meal Schemes
- Purchase of buses for student transportation
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ELIGIBILITY |
- Govt. Aided School
- Private School/Colleges
- School /College run by Trust of goodstanding
- Technical institute recognised by AICTE/NBA/MCI
- More than one loan can be granted subjects to repayments capacity as stipulated
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QUANTUM OF FINANCE |
- Max: Rs. 1 Cr.
- Minimum DSCR :1.75
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MARGIN |
Min:: 15% of Project Cost
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INTEREST RATE |
As prescribed by the Bank, Interest will be applied on monthly compounding basis
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